AE Wealth Management LLC Makes New Investment in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Key Points

• AE Wealth Management LLC has acquired a new stake in Knight-Swift Transportation Holdings, purchasing 6,339 shares valued at approximately $276,000.
• The company reported $0.35 earnings per share for the last quarter, exceeding the consensus estimate of $0.34, with a revenue of $1.86 billion.
• Analysts have mixed views on Knight-Swift's stock, with price targets ranging from $46.00 to $60.00 and an average rating of "Moderate Buy" based on 11 buy ratings and 5 hold ratings.

AE Wealth Management LLC purchased a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,339 shares of the transportation company's stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. grew its position in shares of Knight-Swift Transportation by 4.6% during the first quarter. Victory Capital Management Inc. now owns 8,344,372 shares of the transportation company's stock worth $362,897,000 after purchasing an additional 364,263 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Knight-Swift Transportation by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company's stock worth $370,819,000 after purchasing an additional 505,543 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Knight-Swift Transportation by 1.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,556,405 shares of the transportation company's stock worth $188,632,000 after purchasing an additional 63,241 shares in the last quarter. Franklin Resources Inc. grew its holdings in Knight-Swift Transportation by 36.8% during the 4th quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company's stock valued at $100,004,000 after buying an additional 507,370 shares in the last quarter. Finally, Interval Partners LP grew its holdings in Knight-Swift Transportation by 320.7% during the 4th quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company's stock valued at $93,076,000 after buying an additional 1,337,727 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KNX shares. Raymond James Financial raised their price target on Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 15th. UBS Group cut their price target on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Bank of America raised their price objective on Knight-Swift Transportation from $47.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Citigroup raised their price objective on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Barclays decreased their price target on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Knight-Swift Transportation currently has a consensus rating of "Moderate Buy" and an average target price of $53.88.

Knight-Swift Transportation Stock Performance

Shares of KNX stock traded up $0.45 on Tuesday, hitting $42.50. The company had a trading volume of 1,106,211 shares, compared to its average volume of 2,900,303. The firm has a market cap of $6.89 billion, a P/E ratio of 41.67, a price-to-earnings-growth ratio of 0.61 and a beta of 1.17. The company has a 50-day moving average price of $44.65 and a 200-day moving average price of $46.03. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%. Knight-Swift Transportation's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. As a group, equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.